Tag: Naira

Dollar sales by Deposit Money Banks and other entities at the Nigeria Autonomous Foreign Exchange Market dropped by $252m to $84.1m on Friday. This represents a 74 percent drop from ...

The foreign exchange crisis in Nigeria deepened on Thursday as the local currency continued to depreciate, with the dollar reaching N1,600 at the parallel market. This decline follows closely on ...

The naira appreciated slightly against the United States dollars at the Nigerian Autonomous Foreign Exchange Market on Thursday, closing at the rate of N1,498.25/$ from N1,503.38/$ recorded the previous day. ...

After crossing N1,500 in the official market, the dollar fell to N1,499.07 yesterday. It should be noted that the local currency reached an all-time low on Monday, exchanging at 1,534.39/$ ...

The naira gained marginally against the United States dollar on Tuesday, appreciating to N1,499/ from an all-time low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market. This means ...

Recent data reveals a staggering 68% decline in the value of the Naira following the implementation of the foreign exchange unification policy. In January 2024, the official foreign exchange rate ...

The naira fell to a new all-time-low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market on Monday. This indicates a loss of 3.93 per cent fall or N58 ...

The Nigerian naira witnessed a historic decline to an unprecedented low of N1,534.39 per dollar on Monday, accompanied by a staggering 64.69% drop in forex turnover to $89.61 million. This ...

Nigeria's official market saw the Naira close the week at N1,469.97/$1 amidst persistent demand pressure, marking a strengthening trend against the dollar. Despite the Central Bank of Nigeria's (CBN) efforts ...

International Money Transfer Operators and banks in the country have halted the payment of dollars to their customers. Some banks on Friday informed their customers that they would no longer ...